Macklem statement: We anticipate cutting our policy rate further ...Middle East

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Macklem statement: We anticipate cutting our policy rate further
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The press conference will begin at 10:30 am ET but the opening statement was pre-released:We took a bigger step today because inflation is now back to the 2% target and we want to keep it close to the target.Price pressures are no longer broad-basedWe need to stick the landingHousehold spending and business investment have picked up this year, but remain softWe anticipate cutting our policy rate further to support demand and keep inflation on targetWe will take our monetary policy decisions one at a time We expect growth in residential investment to rise as strong demand for housing lifts sales and spending on renovationsExports should remain strong, supported by robust demand from the Unite

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